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Florida PALM - Terminology Changes Multiple Choice

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Florida PALM - Terminology Changes Multiple Choice

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Florida PALM - Terminology Changes Multiple Choice

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KIM.JACOBS@MYFLORIDACFO.COM
KIM.JACOBS@MYFLORIDACFO.COM
United States

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Florida PALM - Terminology Changes Multiple Choice
 

Florida PALM - Terminology Changes Multiple ChoiceOnline version

Florida PALM - Terminology Changes Multiple Choice

by KIM.JACOBS@MYFLORIDACFO.COM
1

The __________ ChartField classifies the nature of a transaction by identifying the type of asset, liability, fund balance, receipt, expense, or transfer involved in a transaction.

2

The __________ is a ChartField that segregates and captures specific activities or classifies certain objectives in accordance with special regulations, restrictions, or limitations.

3

Used on transactions only to store appropriations, releases, and reserves budget.

Choose one or more answers

4

Used to record financial accounting entries or budget entries for allotments.

5

The Florida PALM field that stores Chart of Accounts information and provides the basic structure to segregate and categorize transactional and budget data.

6

A ChartField String is defined as a combination of ChartField values used to process entries within Florida PALM:

7

The __________ defines a unit in an organization that is an independent entity for accounting purposes and maintains its own set of accounting books. (Choose 2)

Choose one or more answers

8

Florida PALM will not duplicate payments:

9

In Florida PALM, all individuals or entities receiving payment are referred to as:

10

The __________ module includes functions that support the management of payroll lifecycle activities. This includes maintaining employee records, calculating and processing payroll, payroll deductions and remittances, tax reporting, and other related activities.

11

__________ is the unique number assigned to an employee's paycheck (warrant or pay advice) after payroll has been confirmed.

 
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